Retirement plan

EMPLOYEE BENEFIT PLAN OF FAMILY SERVICES, INC. DBA ORIGIN SC

Name: FAMILY SERVICES, INC. DBA ORIGIN SC - EMPLOYEE BENEFIT PLAN OF FAMILY SERVICES, INC. DBA ORIGIN SC (2021) Form 5500
Creator: FAMILY SERVICES, INC. DBA ORIGIN SC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE BENEFIT PLAN OF FAMILY SERVICES, INC. DBA ORIGIN SC, FAMILY SERVICES, INC. DBA ORIGIN SC

FAMILY SERVICES, INC. DBA ORIGIN SCEIN 57-0324920Plan #002PY 2021

PO BOX 118006 - NORTH CHARLESTON, SC 294238006843-628-3000

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.2M

+18.1% from 2020

Total participants

+16.7% from 2020

Average account balance

$24,750

+0.8% from 2020

Annual return

11.44%

+2.78 pp from 2020

Benchmarks

See 18,805 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,805 peers

Snapshot2021

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.59M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$29K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

128.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$155K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.33%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$3501

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2S2T3D

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$95K

$2709 / participant

Other / not subdivided$95K100.0%

% of EOY assets

7.980%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,750

$95,406-74.1%

$185,849-86.7%

$85,847-71.2%

Participation rate

97.1%

68.8%+28.4pp

81.7%+15.4pp

69.3%+27.8pp

Annual return

11.44%

23.59%-12.2pp

122.10%-110.7pp

318.61%-307.2pp

Employer contribution / active EE

$822

$3,314-75.2%

$5,169-84.1%

$2,565-68.0%

Participant deferral / active EE

$3,653

$3,424+6.7%

$5,569-34.4%

$3,952-7.6%

Admin fee / account holder

$1,975

$7,214-72.6%

$16,244-87.8%

$6,261-68.5%

EMPLOYEE BENEFIT PLAN OF FAMILY SERVICES, INC. DBA ORIGIN SC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE BENEFIT PLAN OF FAMILY SERVICES, INC. DBA ORIGIN SC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion